Amazon donates $1m to Trump’s inaugural fund as tech cozies up to president-elect

Amazon is the latest tech giant to donate to Donald Trump’s inaugural fund.

The company plans to give $1m to the fund, first reported by the Wall Street Journal. Amazon follows Meta, Facebook’s parent company, also handing over $1m to Trump’s inaugural committee. OpenAI CEO Sam Altman said on Friday that he, too, would make a personal donation of $1m, first reported by Fox News.

As Trump prepares to enter office for a second time, several tech titans are cozying up in hopes of favorable treatment for their businesses. Amazon founder Jeff Bezos is slated to meet with Trump next week. And Meta CEO Mark Zuckerberg dined with him at his Mar-a-Lago estate last month. Google CEO Sundar Pichai reportedly had plans to meet with the president-elect this week at his club as well. And Time magazine, which is owned by Salesforce CEO Marc Benioff, has named Trump its “person of the year”.

OpenAI’s Altman says that Trump will be a leader in technological progress. “President Trump will lead our country into the age of AI, and I am eager to support his efforts to ensure America stays ahead,” he said in a written statement to the Guardian.

Donations to inaugural committees are fairly standard for big businesses looking to make nice with incoming administrations. Amazon donated $57,746 to Trump’s first inaugural fund in 2017, according to OpenSecrets. Google and Microsoft also donated. Meta confirmed to the Guardian that it did not donate that year.

For Joe Biden’s 2021 inauguration, Amazon said the administration did not accept donations from tech companies, according to the Wall Street Journal.

Trump is offering bonus perks to donors who give at least $1m to his inaugural committee, according to the New York Times. Those include several tickets to activities planned around the event, such as dinners with Trump, his cabinet picks and JD Vance.

Bezos, who owns the Washington Post, had long been the focus of Trump’s ire. The president-elect had blasted the newspaper over its coverage of him, often zeroing in on Bezos for being at fault. At one point in 2018, Trump called the paper “the Amazon Washington Post” and said it had “gone crazy against me”. He also alleged the paper lobbied on behalf of Amazon.

Those days of conflict may be over. Before the election, the Washington Post broke with longstanding tradition and announced it would not endorse a candidate in the presidential race, a move widely seen as Bezos not wanting to rankle Trump. Bezos defended the decision, saying it was to avoid “a perception of bias”.

When Trump won the election, Bezos praised him on X. “Big congratulations to our 45th and now 47th President on an extraordinary political comeback and decisive victory. No nation has bigger opportunities,” Bezos wrote. “Wishing @realDonaldTrump all success in leading and uniting the America we all love.”

Amazon CEO Andy Jassy also lauded the win on X, saying it was a “hard-fought victory” and that “we look forward to working with you”. Amazon’s stock has risen 14% since the election. Amazon did not return a request for comment.

Source: The Guardian